Monthly Archives: June 2013

Despite the heat, some street performers keep plugging away

Posted by Las Vegas Sun Stories: Business and Economy on June 30, 2013
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The gold statue rested on a plastic bin Saturday afternoon, munching on a sandwich and taking swigs of water near the Bellagio fountains. The sun was partially blocked by the trees, but the asphalt and car exhaust that emanated from the traffic radiated heat like a furnace.

The anatomy of a legislative power play: How NV Energy will exit coal and make money doing it

Posted by Las Vegas Sun Stories: Business and Economy on June 30, 2013
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How Nevada's new state law mandating NV Energy exit the coal business came to being illustrates how money, business interests and the right friends will dictate energy cost and policy for every Nevadan for the next decade. And U.S. Sen. Harry Reid and state Sen. Kelvin Atkinson led the charge.

The Indian ‘Oscars of marketing’ convention held in Las Vegas

Posted by Las Vegas Sun Stories: Business and Economy on June 29, 2013
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When 300 of the world’s top Indian business leaders held a two-day branding and marketing seminar, they came to one of the nation’s most recognizable brands: Las Vegas. The fourth annual PowerBrand Glams – considered the Oscars of the Indian business world – arrived this week at the Venetian. Previously, the event had been held in New Delhi, Dubai and London.

Joe Downtown: Local entrepreneur raising funds in hopes of easing struggles of Ethiopian people

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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Amy Jo Martin’s trip to Ethiopia in April opened her eyes to a world few Americans have seen. She returned to Las Vegas altered by the images of people competing with animals for dirty water. So Martin is doing something to help.

US stocks fall in quiet end to a bumpy month

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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Given the wild trading of late, it was a calm close to the month. After flitting between tiny gains and losses most of Friday, the stock market closed mostly lower, a peaceful end to the most volatile month in nearly two years.

Without a clear definition of what ails education in Nevada, would margins tax help?

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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Implicit in the margins tax ballot measure are these questions: If the education system is failing, what is causing the failure, what’s the fix, and who should fix it?

Startup offering services for autistic children gets financial boost by winning state contest

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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Sport-Social, a Las Vegas startup business that helps autistic children, won a state-sponsored contest, meaning it is now eligible for $100,000 in seed funding and support.

Panel urges more scrutiny of US casino companies operating in Macau

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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Members of a congressional advisory panel believe U.S. regulators should tighten scrutiny of casino companies operating in Macau, the world's top gambling market, because of the risk of money laundering. We need to go deeper into this," said Michael Wessel, a member of the U.S.-China Economic and Security Review Commission, which heard testimony in Washington on Thursday. "I'm not sure the companies are looking as deep as they need to in their own organizations and the profits are driving their activities. It's worth some stricter scrutiny."

Poker blogger calls for boycott following casino magnate’s tirade

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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An outraged poker icon wants his fellow players to stand up against casino magnate Sheldon Adelson’s crusade against Internet gambling. Longtime poker insider Nolan Dalla has called for a five-day boycott of all poker playing at the Venetian.

Las Vegas-based Allegiant Air thrives on low costs, high fees

Posted by Las Vegas Sun Stories: Business and Economy on June 28, 2013
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There are no sure things in this city — with one exception: Allegiant Air. While other U.S. airlines have struggled over the past decade from the ups and downs of the economy and the price of jet fuel, Allegiant has been profitable for 10 straight years. The tiny airline focuses on a niche ignored by other airlines: It only flies from small cities to sunny vacation spots. Allegiant entices people who otherwise wouldn't fly with low fares and non-stop flights. Then it aggressively pitches them hotels, rental cars, show tickets and other entertainment, earning millions in commissions.